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he says we can't go back to the same ideas which was deregulation which was tax cuts for the top, all of that. then they want, again, change the language as melissa says, we went from talking about stimulus to deficit. and like we could cut our way out of debt. and when you look at the comparison between private sector job growth under president obama and under george w. bush, more than 650,000 private sector jobs were lost you should bush while so far more than 470,000 private sector jobs had been added under president obama. so when you look at where we started, look at the comparison they're really trying to play with our minds. >> there's a terrific irony going on here. each month you have the republicans saying a ha, the job growth isn't as high as it should be. or saying a ha, the economy isn't growing at the pace that it should be. well, why isn't it? that's because the republicans succeeded in getting the government to cut back its spending. so the reason the jobs growth has not been higher is because just as private sector job growth is increasing, government jobs are decreas
he says we can't go back to the same ideas which was deregulation which was tax cuts for the top, all of that. then they want, again, change the language as melissa says, we went from talking about stimulus to deficit. and like we could cut our way out of debt. and when you look at the comparison between private sector job growth under president obama and under george w. bush, more than 650,000 private sector jobs were lost you should bush while so far more than 470,000 private sector jobs had...
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nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into perspective, their tax bill was greater than the entire gdp of morocco. think about it. an entire country. talk about there fair share. the fair share, if that's what we are striving more, the irs has to give its money back. unlike your pet projects like solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders
nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into...
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Feb 1, 2013
02/13
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s office of tax and revenue will begin intercepting refunds. including parking tickets, red light camera tickets and unpaid child support. the city council passed the measure last year as part of budget support act. >>> the edge on maryland where iestigators are still trying to determine the cause of a house fire that killed two young sisters in frederick county last night. around 11:30, home to jack and krisie and their four daughters. sophie and mady, ages 6 and 3 were unable to get out alive. >> felt so helpless. the fire company came. i was my baby. i want my baby. i can't do anything because the fire was so -- the house was involved in flames so much. >> parents and eight-year-old daughter, morgan, and seven month old daughter were able to get out alive. mrs. willard jumped out of the house and the oldest daughter was lowered from a window. >>> the former police officer who gunned down a cul perp woman as she drove away will spend three years behind bars. fox 5's john hanrahan has reaction in culpeper tonight. >> in virginia, juries fixed
s office of tax and revenue will begin intercepting refunds. including parking tickets, red light camera tickets and unpaid child support. the city council passed the measure last year as part of budget support act. >>> the edge on maryland where iestigators are still trying to determine the cause of a house fire that killed two young sisters in frederick county last night. around 11:30, home to jack and krisie and their four daughters. sophie and mady, ages 6 and 3 were unable to get...
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the tax was passed to discourage the use of the disposkt bags and encourage reusable once. it was hoped ted lead to cleaner streams, ponds and rivers in the area, because that's where a lot of the bags end up. instead of generating just a million in revenue, which they were hoping, the tax is expected to bring in twice that amount. montgomery county has been charging the tax now for a year. >>> coming up, have you noticed it? a purple frenzy all over the place. >>> hey, what's our weather going to be like? cold, let mets guess. >> what's left for me to say. >> a breezy condition, yes, a bit more in the way of snow coming up. we'll talk about that in just a minute. >>> virginia's attorney says he's that iing put in the office as he runs for governor. some were urging him to step down. cuccinelli is a republican, and says he is fulfilling his promise to voters. >> i told people when i ran that i was going to stay four years, and i'm keeping my record. >> reporter: how long will you stay in the attorney general's office? >> i'm keeping my firm. i will fulfill my term. >> so yo
the tax was passed to discourage the use of the disposkt bags and encourage reusable once. it was hoped ted lead to cleaner streams, ponds and rivers in the area, because that's where a lot of the bags end up. instead of generating just a million in revenue, which they were hoping, the tax is expected to bring in twice that amount. montgomery county has been charging the tax now for a year. >>> coming up, have you noticed it? a purple frenzy all over the place. >>> hey, what's...
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Feb 1, 2013
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tax office said the sales tax has been paid officially today. live from georgetown, natasha barrett," abc 7 news. >> thank you. that will do it for us here at abc 7 news at 5:00. abc 7 news at 6:00 starts right now. captioned by the national captioning institute --www.ncicap.org-- >> two people are dead tonight and turkey after a suicide bombing. and the turkish government believes it is the work of a leftist group. they killed a tu
tax office said the sales tax has been paid officially today. live from georgetown, natasha barrett," abc 7 news. >> thank you. that will do it for us here at abc 7 news at 5:00. abc 7 news at 6:00 starts right now. captioned by the national captioning institute --www.ncicap.org-- >> two people are dead tonight and turkey after a suicide bombing. and the turkish government believes it is the work of a leftist group. they killed a tu
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one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very
one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging...
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and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job growth, all of those are lining up in favor of continued growth in the u.s. economy. wolf? >> christine, thank you. >>> president obama reportedly will be changing offices in the coming months, at least for a temporary period. the president will move out of the white house oval office into a replica across the street in the eisenhower executive office building. the current oval office was built during franklin roosevelt's term. it's due for a major, major renovation. >>> sad news from former president george w. bush and his wife laura, their 12-year-old dog has died. barney guarded the south lawn e
and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job...
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we did not extend the payroll tax this past year. what affect in the numbers from that? >> well, it is a little soon to really figure that out. i mean, it is true now that you mention it that the 157 in january is significantly off the pace of job creation in november and december. >> right. >> but i am quite certain that, you know, taking over 100 billion out of the 2013 economy already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah. one of the telling things was that in december there was a big jump in personal income because of people getting bonuses early and things like that. but spending didn't go up very much. and economists are expecting weak retail numbers for january. i think it's the seasonal adjustment factors again. my feeling is to see a drag in the third quarter. excuse me, the first quarter. and then have to be carried by the recovery of government spending because i don't think we have another drag on the economy from government spending in the first quarter. >> look. the moral of all of this actually and the context o
we did not extend the payroll tax this past year. what affect in the numbers from that? >> well, it is a little soon to really figure that out. i mean, it is true now that you mention it that the 157 in january is significantly off the pace of job creation in november and december. >> right. >> but i am quite certain that, you know, taking over 100 billion out of the 2013 economy already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah....
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Feb 1, 2013
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to do for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> r
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of talking about it, but in humanitarian immigrationen't any enforcement regime, we are doing something that is on sound. step one, acknowledged that in the immigration law that says a person, is not a bad person >> there were 13.6 million people who apply for diversity lotteries in 2010. those people were an understatement, because they were heads of households who had a spouse and kids. all but that number by two, three, four. think about the number of people without a high-school diploma. these are not bad people. step one, understand not o
i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of...
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you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super commission. they did nothing. that failed. now he's got to come out and take on everybody in that huge pile of tax expenditures. realtors, life insurance -- he is headed for -- it will take a lot more than two years and especially in a reelection year. now mcconnell in reelection year. >> potential primary for mitch mcconnell? >> i think scenarios are set for anybody that violate the mantra or whatever the great issue is. the great base, whatever the base is. but if you get out there and mess around with that, they will pick you up in the pr
you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super...
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they won't charge you the tax penalty. so you have to insurance, have no access to health care but you won't have to pay that 1% tax. >> what happens to the estimated 5,000 kids? >> they don't 6 a solution to this. there is going to be millions of people that will fall into this glitch. this is something they did not anticipate. >> let's talk about this other situation that has just cropped up with health care. that is three years ago, congress created these panels. though -- tell us. what were the supposed to do. they never met. >> it's the work force commission. that was appointed in 2010 and like the one we talk about on the air and independent payment advisory board. this has 15 members. this one is making sure there is enough primary care doctors out there. especially in rural areas or nurse practitioners, someone to take care of people in underserved areas. i got to tell you back in the 1980s, they used to pay doctors to work in these clinics. you finish residency and go out to new mexico and we'll give you a stipend
they won't charge you the tax penalty. so you have to insurance, have no access to health care but you won't have to pay that 1% tax. >> what happens to the estimated 5,000 kids? >> they don't 6 a solution to this. there is going to be millions of people that will fall into this glitch. this is something they did not anticipate. >> let's talk about this other situation that has just cropped up with health care. that is three years ago, congress created these panels. though --...
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they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that twenty fast food restaurants, they tell me that they offer health care to their 542 employees, only 34 take it. if nothing changed next year, that is with the health care law didn't go in to effect, they would be spending $94,000 on health care under the health care law. if they opt to pay the penalty they'll be spending a million dollars instead of 94. that exceeds the net profit for the year 2013. if they were decide themselves to continue to offer health care, their cost would be between $400 ,000 and $1.4 million. you can apply the same sort of reason
they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that...
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this theme that republicans and arch conservatives in the republican party really care about cutting taxes on the rich, but when you study the tea party and the folks in the tea party, the thing they actually really care about is immigration. it's a big priority for them. they do not want to offer "amnesty" of any kind. effectively, in taking up immigration reform, the elites of the party have told, you know, tea partiers and arch conservative elements, hey, we're not going to listen to you on this. what kind of -- >> i mean -- >> but does that -- i mean, i don't know. >> i think he is right about that, but i would take that -- i would flip it and reverse it because i think it implies there isn't latinos, which is really what the immigration reform compromise is all about are voting for democrats purely on the basis of immigration issues, which may be part of it, but also the other half of that gop elite equation is cutting very popular social insurance programs, so it's not clear that even if republicans piss off their base by going for immigration reform, that is enough for latino voters
this theme that republicans and arch conservatives in the republican party really care about cutting taxes on the rich, but when you study the tea party and the folks in the tea party, the thing they actually really care about is immigration. it's a big priority for them. they do not want to offer "amnesty" of any kind. effectively, in taking up immigration reform, the elites of the party have told, you know, tea partiers and arch conservative elements, hey, we're not going to listen...
SFGTV2: San Francisco Government Television
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another indicate the tax is paid and another indicate the taxes in arrears. james lacy was paid in full and not in a rears. the tax in 1846 was cut in half from the previous year. the year 1847 shows something else. the people were taxed in may of 1847 and made to pay a 4 fold increase and in october of 1847, 15 times what they were paying in 1846. this amounted to a 900 percent increase in tax in less than a year. still james lacy was paid in full and not in arrears. i show the book to the librarian who knows i am reading papers to look for clearance notices and says, there's your answer now you know why they left. newspaper mentioned the establishment of insolvant commission. in commission states the tax afforded the clearance amongers the most effective means of getting rid of this agricultural population. some landlords were praised as humane for forgiving 3-4 year's rent or accepting what people could pay. these landlords were in the minority and the landlord of cottage where nie family lived was not among them. rate payer books for 1848 is missing. the
another indicate the tax is paid and another indicate the taxes in arrears. james lacy was paid in full and not in a rears. the tax in 1846 was cut in half from the previous year. the year 1847 shows something else. the people were taxed in may of 1847 and made to pay a 4 fold increase and in october of 1847, 15 times what they were paying in 1846. this amounted to a 900 percent increase in tax in less than a year. still james lacy was paid in full and not in arrears. i show the book to the...
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tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not a big fan right now. financials, the sectors will have the best earnings growth of any sector. cheryl: we discussed all the earnings. they said a very strong. but at the same time, you get, again, bank of america. there seems to be this crazy split between good banks and bad banks from a stock perspective. >> that is one reason that makes the big banks a bit risky to invest in big is the stock prices have all run up, but if you have any consistency in the margins and the inconsistency. just the voluminous disclos
tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not...
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can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. >>> you know, i bet when you order your french fries and then you eat them, you don't think much about how
can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. britta olsen...
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so that they're not double taxed. another thing that both the white house agrees on, the business community agrees on, republicans agree on is corporate tax reform. lower the corporate rate, close loopholes, and there are studies that show that could add as much as a percent to gdp. all of this would help companies bring more investment back to the u.s. and invest in jobs, and the white house has not shown leadership on either. jon: it would be good to see something work. nina easton, austan goolsbee, thank you both. >> thank you. >> thank you. jenna: dangerous new concerns about al-qaeda. the terrorist group is reportedly on the hunt for new western targets. coming up, we're going to tell you who exactly they could be targeting next. >>> also a day of remembrance today. nasa paying tribute to the men and women of space exploration who made the ultimate sacrifice for our country. >> i know it's hard to understand, but sometimes painful things like this happen. it's all part of the process of exploration and discovery.
so that they're not double taxed. another thing that both the white house agrees on, the business community agrees on, republicans agree on is corporate tax reform. lower the corporate rate, close loopholes, and there are studies that show that could add as much as a percent to gdp. all of this would help companies bring more investment back to the u.s. and invest in jobs, and the white house has not shown leadership on either. jon: it would be good to see something work. nina easton, austan...
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result of those payroll tax expirations. though the highest price at the pump ever for february 1st, automakers posted strong sales. sales rise 16% in january. a 22% for the month. toyota's beat the bunch by 27%. when it comes to brand perception toyota is king of the road. a new survey from consumer reports finds the toyota brapd is the best liked car in the u.s. coming in second is trd. ford and the next is honda. >> i said the dow climbed above 14,000 since the great depression i think meant recession. >> exactly. >> thank you. >> thank you. >> i'm a problem solver. >> i take out the trash. >> sylvester stallone teams up in "bullet to the head." along the way he meets up with district cop taylor kwan who is out to aadvantage his right and man. it's rated "r." an even older cast of characters getting together for no good fun in "stand up guys." alpha keno and christopher walk ken but things get complicated. standard guys is rated "r." finally, a zombie finds love in warm bodies. nicholas holt is say member of the walking d
result of those payroll tax expirations. though the highest price at the pump ever for february 1st, automakers posted strong sales. sales rise 16% in january. a 22% for the month. toyota's beat the bunch by 27%. when it comes to brand perception toyota is king of the road. a new survey from consumer reports finds the toyota brapd is the best liked car in the u.s. coming in second is trd. ford and the next is honda. >> i said the dow climbed above 14,000 since the great depression i think...
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first part of january, felt that money being taken out in greater lumps than the last two years and tax hikes may have depress the consumer confidence. so has the behavior of washington. we've had the debt ceiling suspended, another budget baths to go through. so investors, businessmen and even individual investors and consumers are still somewhat haunted by what's happening in the nation's capital. >> and if we could put the markets gain back up, we had seen it go above 14,000 earlier this morning. it's -- >> right there. >> right there, right now. okay. so this hasn't happened since '07. >> early october, the all-time high, 14,164. standard & poor's, 1465. we're within striking distance of both. and that's a good sign. the stock market is performing well. the bond market is performing as expected, if the economy is recovering and so are other markets. and the indicators i look atom as, actually quite positive. none showing signs of strain, the future economic prospects better than the past. so for now markets are tell us things are all right. that may change sometime in the future but
first part of january, felt that money being taken out in greater lumps than the last two years and tax hikes may have depress the consumer confidence. so has the behavior of washington. we've had the debt ceiling suspended, another budget baths to go through. so investors, businessmen and even individual investors and consumers are still somewhat haunted by what's happening in the nation's capital. >> and if we could put the markets gain back up, we had seen it go above 14,000 earlier...
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so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. ♪ >>> with 150,000 fans showing up for the big game the city's public transit system has been gearing up. the first used streetcar line in more than a decade was just finished in time and mark strassmann is taking us for quite a ride you can see him now, mark? >> reporter: good morning, norah and charlie. i'm riding on the loyola avenue streetcar line in downtown new orleans, the city's newest streetcar line ready just in time for the super bowl. i want to show you what's going on ou
so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor,...
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he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous. >> out of control. illinois has big, big problems. couldn't float debt this week because they were downgraded. if you want to see the future of this country? look at california, look at illinois. we are walking down that path. charles: gerri, you studied this stuff. false assumptions they make, when the money doesn't come in, what's the next move? >> here's what i think. places like california and illinois turn to the federal government and say, hey, taxpayer, hey american taxpayer, pony up because we can't pay our bill
he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous....
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Feb 1, 2013
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to go back and talk about raising taxes again. you can't constantly be talking about higher taxes, more regulation, higher utility bills and expect the kind of job growth you'd like to see. >> the other thing the contraction of government is certainly having an impact, too. >> well, it is having, and the president should have worked harder to take care of that, as we all should have, in november and december. uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing, we're on the 60-day clock and then we're on the 90-day clock we need to get on a four- and five-year clock and that's why budget and appropriations bills will make a difference, chuck. >> you've been straightforward on where you stand on hagel and all these votes. how about the universal background checks on guns? i know in an interview a couple weeks ago you seemed to indicate you could support the universal background bill that chuc
to go back and talk about raising taxes again. you can't constantly be talking about higher taxes, more regulation, higher utility bills and expect the kind of job growth you'd like to see. >> the other thing the contraction of government is certainly having an impact, too. >> well, it is having, and the president should have worked harder to take care of that, as we all should have, in november and december. uncertainty is probably even a greater problem than contraction. if we...
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Feb 1, 2013
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that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be busy. looking at myself in 2012, we had some difficulties last year achieving the goals that we established for sales. however, it indicate that the economy is getting better. i have been in this business 35 years. that is consistent. a lot of our regular customers that were hanging onto their cars have bought new cars. if not new, at least one or two years old. that is a good indication that the economy is slowly coming back. guest: for small businesses they are often sole proprietorships or partnerships where the income directly goes to the person wh
that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be...
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Feb 1, 2013
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
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Feb 1, 2013
02/13
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the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small price to pay. >> john: markos moulitsas of day dailycros. thank you so much. >> thank you. >> john: we'll be right back after the break. ♪ question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how
the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small...
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Feb 1, 2013
02/13
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the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a teenager in america, unemployment is almost 24%. that is ridiculous when you talk --. martha: greece for that population there. bill: the next generalmation of americans have to deal with that? we'll talk about that in a moment. martha: tough picture. speaking of lay youfls we've been talking about the president happenedding a pink slip to the group he formed to bring back jobs. charlie and i were discussing about that. was the jobs council an exercise if futility or did it have meaning? they don't want it anymore. bill: 7.9%. >>> a 5-year-old boy is still held hostage in a underground bunker. how
the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a...
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Feb 1, 2013
02/13
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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Feb 1, 2013
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where he is known for fighting to clean up the river with the back tax and looking into hearings that police were not investigating sexual assaults properly. mayor gray hasn't announced if he'll run. the city has 1. $5billionin the bank, development across d.c., and more than a thousand people are moving to the city each month. of course, ethics will be a big focus in the next election. two council members have resigned, charged with felonies and several of mayor gray's campaign workers pleaded guilty to campaign crimes. mayor gray himself is under investigation from federal prosecutors and councilman wells weighed in about that last night on fox 5. >> but the thing that most certainly will derail if for the city is a government that has a crisis in ethics and certainly a government that loses the confidence of people we govern. that is something we can't have happen and it's why i'm exploring a run for mayor to keep the progress of our great city going. >> reporter: wells is just one of several possible contenders in the next race, along with other council members. ward 2 council mem
where he is known for fighting to clean up the river with the back tax and looking into hearings that police were not investigating sexual assaults properly. mayor gray hasn't announced if he'll run. the city has 1. $5billionin the bank, development across d.c., and more than a thousand people are moving to the city each month. of course, ethics will be a big focus in the next election. two council members have resigned, charged with felonies and several of mayor gray's campaign workers pleaded...
SFGTV: San Francisco Government Television
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Feb 1, 2013
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dwayne, because it really has been a very taxing journey. and i truly hope that the y gina keeps that open door policy. i thank you for that. and to everyone that's here, thank you, thank you, thank you. (applause) >> all right. and again, thank you to the residents. we look forward to working with them on the subsequent phases and look forward to working with all the residents in all the developments as we move forward on this endeavor. at this point i'd like to introduce the president of the lead developer of this partnership, and that is jack gardner. without our developers, without our partnerships, we wouldn't be here because we need developers to design and create this and to secure all the financing. and i'd like to introduce jack gardner. (applause) >> thank you. thank you, olson. mr. mayor, i'm going to bring my kids to the next event because i want the mayor of san francisco to tell them to keep their rooms clean, too. [laughter] >> so, and these guys are like, that wasn't part of the deal. wait a second. anyway, after almost eight
dwayne, because it really has been a very taxing journey. and i truly hope that the y gina keeps that open door policy. i thank you for that. and to everyone that's here, thank you, thank you, thank you. (applause) >> all right. and again, thank you to the residents. we look forward to working with them on the subsequent phases and look forward to working with all the residents in all the developments as we move forward on this endeavor. at this point i'd like to introduce the president...
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Feb 1, 2013
02/13
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more people paying taxes. you know, that's just good stuff when people are paying taxes. folks are getting educated in america. they are serving in our armed services. they are making our country better and brighter and safer blah, blah, blah, blah, blah blah. why do we need immigration reform? why? it's so important and we will take calls on that too. give us a call on that. taking calls on chuck hagle. twitter is abuzz about chuck. what do you think about this whole immigration stuff? >> it's time to get it done because republicans have finally, gotten on board. i think it's a shame, the time that they deem it's time to get it done. the time to really do it was five years ago. i mean a long time ago. but it's pretty from the parent that republicans realize they have got to get on board because they got their asses handed to them in the last election. the fact that now everybody wants to come to the table and participate, i think it's sad, and i think that it's worth pointing out that that's the reason they want to come to the table. i hope that that doesn't get lost in
more people paying taxes. you know, that's just good stuff when people are paying taxes. folks are getting educated in america. they are serving in our armed services. they are making our country better and brighter and safer blah, blah, blah, blah, blah blah. why do we need immigration reform? why? it's so important and we will take calls on that too. give us a call on that. taking calls on chuck hagle. twitter is abuzz about chuck. what do you think about this whole immigration stuff?...
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Feb 1, 2013
02/13
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under 65 just to earn i think 400,000 now before you begin increased taxes. it doesn't make sense. medicare is not a cheap program and we all forget this. when you go into medicare you're paying to such a premiums if you're a couple. you are paying two sets of medigap coverage. you're paying two sets of part d coverage. just straight up monthly expenses for health care as delay dramatically at a time when you have probably a fixed income and less opportunity to increase the income in the future. i think we have to be very careful when we look at the beneficiary impact of changes and we need to really understand what we are talking about and how it's going to impact people. the cost sharing in medicare is very high, and so to increase those costs on people is a difficult thing to do. raising the age, all these things go together, and so i worry if we look at them in isolation you can miss some of the problems that happen. >> dana had a thought. >> i can't help but draw the parallel to the commercial side, where we have had for years efforts to try to get health care spending under c
under 65 just to earn i think 400,000 now before you begin increased taxes. it doesn't make sense. medicare is not a cheap program and we all forget this. when you go into medicare you're paying to such a premiums if you're a couple. you are paying two sets of medigap coverage. you're paying two sets of part d coverage. just straight up monthly expenses for health care as delay dramatically at a time when you have probably a fixed income and less opportunity to increase the income in the...
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revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point where you say enough is enough. i've done my fair share. >>steve: why live in that state when you can move to another state like florida or texas where they don't have -- >> there's been a massive exodus out of california for a long period of time. if phil wanted to move, he'd be on the highway for hours trying to get out. >>gretchen: next, two days before the big game and harry carson, marcus allen hanging out with brian live. coming up next. eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant gives you 1% cash back on all p
revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point...
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. >> he's been talking about leaving golf because of high tax rates. if he'd have shot a 58, it would have given him a reason to leave golf, so we're going to keep him around. >> i've got to say, i was watching soccer. >> really? who was playing? >> no. >> richard got a 58. >> exactly. so we all know the beyonce story by now, right? she had the backing track at the inauguration last week. she finally got around to answering questions about it because, frankly, we haven't heard from her personally. this is at a news conference at the super bowl down in new orleans. she let her singing mostly do the talking. ♪ o'er the land of the free ♪ and the home of the brave ♪ the brave any questions? due to the weather, due to the delay, due to no proper sound check, i did not feel comfortable taking a risk. it was about the president and the inauguration, and i wanted to make him and my country proud. so i decided to sing along with my prerecorded track, which is very common in the music industry. and i'm very proud of my performance. >> so just to go back f
. >> he's been talking about leaving golf because of high tax rates. if he'd have shot a 58, it would have given him a reason to leave golf, so we're going to keep him around. >> i've got to say, i was watching soccer. >> really? who was playing? >> no. >> richard got a 58. >> exactly. so we all know the beyonce story by now, right? she had the backing track at the inauguration last week. she finally got around to answering questions about it because,...